News articles about Abraxas Petroleum (NASDAQ:AXAS) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Abraxas Petroleum earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 44.8479548211784 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts recently commented on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $3.00 target price on shares of Abraxas Petroleum in a report on Wednesday, January 24th. BidaskClub raised Abraxas Petroleum from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Stifel Nicolaus lifted their target price on Abraxas Petroleum from $3.10 to $3.30 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Robert W. Baird raised Abraxas Petroleum from a “neutral” rating to an “outperform” rating and set a $3.00 target price for the company in a report on Tuesday, December 19th. Finally, Zacks Investment Research downgraded Abraxas Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $2.81.
Shares of Abraxas Petroleum (NASDAQ:AXAS) opened at $2.14 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.61. Abraxas Petroleum has a twelve month low of $1.45 and a twelve month high of $2.74. The company has a market capitalization of $358.32, a PE ratio of 23.78 and a beta of 1.39.
Abraxas Petroleum Company Profile
Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. As of December 31, 2016, the Company’s estimated net proved reserves were 44.7 million barrels of oil equivalent (MMBoe), of which 33.6% were classified as proved developed, 74% were oil and natural gas liquids (NGL), and 95% of which (on a PV-10 basis) were operated by the Company.
Receive News & Ratings for Abraxas Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abraxas Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.